Latino Hotel Association's First Hotel Franchising Forum Draws Nearly 90 Potential Developers
"Mexico has tremendous growth potential for the hotel industry," said Armando de la Garza Gaytan, president, Convention & Visitors Bureaus Association; president, Hispanic Meeting Professionals. "Feedback from our members and attendees new to the hotel industry was very positive. We look forward to a follow-up session in 2011."
Hotel investors, owners and developers in attendance learned the fundamentals of hotel development, acquisition, repositioning and financing at the forum. In addition, participants heard strategies for executing successful hotel investment offerings and maximizing strong relationships with brands' management and franchise companies.
The success of the forum has prompted LHA to begin researching the feasibility of holding similar sessions in Central and South America. "Hotels and brands are expanding in Latin America, and we view our role as a resource to help Latino owners and investors make the most informed decisions," said Gonzalez-Rowe.
Mexican attendees came from Saltillo, Monterrey, Guadalajara, Mexico City, Monclova, Parras de la Fuente, Zapopan, and Piedras Negras. In addition, Latino attendees from the U.S. came from Florida, Texas, Tennessee, New Mexico and California. Many of the 86 registered participants already were hoteliers, representing 42 hotels with 76 to 150 rooms on average. Some 80 percent expressed an interest in hotel franchising. More than 90 percent of participants were looking at new hotel development within Mexico, while 10 percent were interested in developing hotels in the United States.
Sponsors of the event include Hilton Hotels & Resorts; Wyndham Hotels and Resorts, LLC; Hyatt Hotels and Resorts; Accor; HVS International; JMBM; Carl Ross Design Group; LLW Architects; Smith Travel Research; and Hotel and Motel Management Magazine.
About the Latino Hotel Association | Headquartered in suburban Houston, LHA is a worldwide, non-profit association dedicated to increasing Latino participation in the hospitality industry, to include ownership, leadership and commerce. The organization provides education, international and regional conferences and networking opportunities with the leading hotel companies in the world. Additional information is available at the association's website, .